Fed's Waller Says Data Shows Job Market Can Cool Via Reduction In Job Vacancies And Not Necessarily Loss Of Jobs; Events In Middle East 'Horrific' But Hard To See Much Impact On U.S. Macroeconomy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Christopher Waller stated that the job market can cool via a reduction in job vacancies, not necessarily through job losses. He also commented that the events in the Middle East are 'horrific' but it's hard to see much impact on the U.S. macroeconomy.
October 18, 2023 | 4:45 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Waller about the job market and Middle East events are unlikely to have a significant impact on SPY in the short term.
While the Federal Reserve's comments can influence the market, Waller's comments about the job market cooling and the Middle East events are not likely to have a significant direct impact on SPY. The job market cooling is a gradual process and the Middle East events, while tragic, are seen as having limited impact on the U.S. macroeconomy.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50